Zecotek Photonics Inc ZMSPF

ZMS and capital loss for tax 2021 purposes

[BrianBrian]

Hello... I was wondering if anybody here has any information or advice for those of us who are stuck with ZMS shares. I have 150000 shares (canadian market) valued at 0 basically since more than a year. These shares cannot be sold nor on the canadian market and neither on the american market. 
Would anybody know if there's a way to still claim a capital loss and definitely get rid of "this"...?  Thanks

[Pandora]

I was also wondering if Faouzi just rides off into the sunset scot free or does he actually have to file some kind of paperwork to officially close the Company. I do believe if you wish to claim a tax loss you can get some kind of document from your broker. I am surprised that there were no class action lawsuits for the way this fell apart but I guess it is quite a common occurrence for the

[RightAngle45]

I would love to see a class action law suit get started against this crook. I would jump on board in a heart beet. There is too many of these scum bags out there that need to be locked up for a while. They are fleecing investors all the time and getting away with it. I do see a lot more class actions lately against crooks like this , why not one more.

[Pandora]

Presumably all those with enough bucks to originate a law suit were smart enough to bail out before it was dumped into the bay of China. Possibly Faouzi just decided to retire in a castle in Shanghai living a life of luxury.

[Pandora]

Management’s Discussion and Analysis For the quarter ended January 31, 2020 5 Country of Ownership           Ownership incorporation     interest as at    interest as at Entity              and operation        July

[Pandora]

From the final MD&A that was issued: (So do you suppose the private company managed to make a profit from this move?) No mention of the IP Patents potential either -- where did they end up?) Zecotek proposes to sell all of the issued and outstanding shares of its 90% owned subsidiaries, Zecotek Imaging Systems Pte Ltd. (ZIS) and Zecotek Display Systems Pte Ltd. (ZDS) to Zecotek Holdings

[Aaronhayes]

We'll, looks like Zerrouk the crook just picked up and is now hiding at https://werbold.com/, trying to scam new investors over there.  If I ever ran into the bloke, I'd be sure to have a shiv in my hand. Lol.

[Pandora]

Good find. Just start right up with another Venture with no regard for all those Zecotek investors. Private company presumably -- probably all financed by his winnings from selling out Zecotek to Chinese entrepreneurs. Will he actually try to take it public? How do you like the wording (below) in the reference to Zecotek in the new website. And they are also promoting the word "Integrity

[cuculus]

Karma is free. This gypsy it gets ..

[slithey]

Well years ago they were a real company, with interesting SIPM and scintillating crystal products. Could not compete with Hamamatsu however, and they started a mess of subsidiaries flogging undeveloped projects. I fault them not for failing, but for not shutting it down cleanly. They drained the company to the extent that most of Farouk's salary is still owing him, as is appropriate. The new

[Aaronhayes]

What on earth are you saying? He is the king of BS. He made nothing but false claims, burnt shareholder money and then what's worst, pulled the rug out and went silent. He never replied to any of my emails. He is a joke with a chip on his shoulder, and is stubborn as a mule - one only needs to look back over the years and how he handled the lawsuits and investors.

[slithey]

He did actually make and sell SiPM's and actually had some good engineers on the project. Also some  crystals for PET. But both of those projects failed. Some of the others may have been pure BS, but - ask the crypto people - BS sometimes outperforms real stuff. Agreed he should have departed with a clean bankruptcy, and I stopped believing his schemes 8 years ago.

[RightAngle45]

We were Zarooked, its as simple as that. I really dont know how this corruption and outright thievery keeps going on. Until these crooks are brought to justice this criminal activity will keep going on. Whats even more amazing after they have fleeced all the money they can from unsuspecting investors on one company, they turn around and create another bogus company and do it  all over again

[Pandora]

Having watched, participated and lost in the market, and also having watched the politicians for many years I can honestly say the answer to your question is "never". Being held accountable only applies to the minions! All others go scot free forever.

[Pandora]

Just wondering if you could say this again in plain simple terms that I, and maybe a couple others, can understand. Presumably it is an explanation of what Faouzi's new company does but.....? "The new werbold venture is to advise VC's parlaying their experience in failures toward recognising signs of weakness in budding proposals." Also, in regard to claiming a loss the only

[Pandora]

Funny what a small world it is. I was looking at a news release for Dynacert as shown below. With the novel name being Clark Kent I googled it and found he was also a Director for an outfit called Scryb Inc. and lo & behold who else is a director for Scryb -- none other than Michael Minder the old CFO for Zecotek who was very faithful to Faouzi until he got dumped(?) in favour of the Chinese.

[Pandora]

Last nail in the coffin I guess. Delisted. I didn't realize it was still listed. I still remain amazed that an owner of a public company can just turn off the lights , close the door, and walk away and just leave all the shareholders completely hung out to dry without even a word of explanation or compassion.  Just "Poof, I'm gone!" And to think we invested in such an